Malatya Haber Corn, soybeans lower while wheat closes mixed
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Corn, soybeans lower while wheat closes mixed

Corn closed lower while July soybeans closed lower with all other months higher and wheat closing slightly mixed, according to the National Grain Market Summary, May 14.

Corn planting is making progress but still well behind the 5 year average with 28 percent corn planting completed.

Farmers are getting a window this week to catch up on planting before a rain system moves in by the weekend. Wheat had light volume trade with wheat traders watching the corn planting progress and weather forecast.

Wheat closed unchanged to slightly mixed. Corn traded mostly 3 cents lower. Soybeans closed 4 to 11 cents lower.

In the futures close, Kansas City July wheat was $7.67, up 1/2 cent.

Terminal wheat bids, paid for truck delivery, included Kansas City, $7.59 to $7.62, unchanged; Minneapolis, $8.46 1/4, down 1 1/4 cents; Portland, $7.72 to $7.80 3/4, up 2 1/4 to 10 3/4 cents; St. Louis, $7.29, down 2 cents.

Terminal corn bids, U.S. No. 2 yellow, price paid for truck deliver, included: Kansas City, $7.18 to $7.21, down 3 cents; Minneapolis, $6.71 1/2, down 3 cents; southern Iowa, $6.85 1/2 to $6.99 1/2, down 15 1/2 to 3 cents; Omaha, $7.11, down 3 cents.

Terminal soybean bids, U.S. No. 1, price paid for truck delivery, included: Kansas City, $15.15, down 4 cents; Minneapolis, $14.64 3/4, down 4 1/2 cents; southern Iowa, $14.99 3/4 to $15.08 3/4, down 11 1/2 to 3 1/2 cents; central Illinois processors, $15.32 3/4 1/2 to $15.49 3/4, down 11 1/2 to 4 1/2 cents.

Kansas City wheat prices May 14, spot, fob track, included: No. 1 hard red winter wheat, ordinary protein, $8.38 to $8.90,up 1/2 cent; 12% protein, $8.79 to $8.94, up 1 1/2 to 1/2 cents; 13% protein, $8.88 to $9.07, up 1/2 cent; 14% protein, $8.92 to $9.07, up 1/2 cent. U.S. No. 2 soft red winter wheat was unavailable. U.S. No. 2 white corn was $6.93 to $7.18, unchanged.

Date: 5/20/2013


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